Banque et Caisse d’Epargne de l’Etat, Luxembourg

Banque et Caisse d'Epargne de l'Etat (BCEE) is a universal bank offering a broad range of retail and corporate products and services to individuals, families, SMEs and business entities. BCEE is a state-owned bank, its sole shareholder is the State of Luxembourg.

Financials

Total Assets (2017)
45 518.00 mln EUR  (+4.77%)
Annual Profit (2017)
241.00 mln EUR  (+0.42%)
Number of Employees (2017)
1 820  (+1.34%)

In 2017 total assets of Banque et Caisse d’Epargne de l’Etat, Luxembourg were 45 518,00 mln EUR. In 2017 the bank's annual profit was 241,00 mln EUR. Banque et Caisse d’Epargne de l’Etat, Luxembourg had 1 820 employees in 2017.

Banque et Caisse d’Epargne de l’Etat, Luxembourg is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa2 (high grade).

Banque et Caisse d’Epargne de l’Etat, Luxembourg participates in deposit guarantee scheme of Luxembourg. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

1, Place de Metz, 1930, LUXEMBOURG, Luxembourg
+352 40 15 1
+352 40 15 2099

Banque et Caisse d’Epargne de l’Etat, Luxembourg is headquartered in LUXEMBOURG.

Bank Identifiers

BIC (SWIFT)
BCEELULL
MFI ID
LUB00001
Start Date
February 1856

Financial Positions

Total Assets (2017)
45 518.00 mln EUR  (+4.77%)

In 2017 total assets of Banque et Caisse d’Epargne de l’Etat, Luxembourg were 45 518.00 mln EUR. Growth compared to the previous period (2016) was 4.77%. The evolution of the total assets of Banque et Caisse d’Epargne de l’Etat, Luxembourg is shown at Chart 1 below.

Total Assets of Banque et Caisse d’Epargne de l’Etat, Luxembourg.

Chart 1. Total Assets of Banque et Caisse d’Epargne de l’Etat, Luxembourg.

Profit and Loss

Annual Profit (2017)
241.00 mln EUR  (+0.42%)

Recent changes in gross profit of Banque et Caisse d’Epargne de l’Etat, Luxembourg and its main components are shown in Table 1.

2016 2017 % change
Net Interest Income 365.0 363.0 -0.55%
Net Commission Income 93.0 103.0 +10.75%
Table 1. Recent changes in gross profit of Banque et Caisse d’Epargne de l’Etat, Luxembourg (mln EUR).

In 2017 annual profit of Banque et Caisse d’Epargne de l’Etat, Luxembourg was 241.00 mln EUR. Growth compared to the previous period (2016) was 0.42%. The evolution of the annual profit of Banque et Caisse d’Epargne de l’Etat, Luxembourg is shown at Chart 2 below.

Annual Profit of Banque et Caisse d’Epargne de l’Etat, Luxembourg.

Chart 2. Annual Profit of Banque et Caisse d’Epargne de l’Etat, Luxembourg.

Number of Employees

Number of Employees (2017)
1 820  (+1.34%)

In 2017 there were 1 820 employees of Banque et Caisse d’Epargne de l’Etat, Luxembourg. Growth compared to the previous period (2016) was 1.34%. The evolution of the number of employees of Banque et Caisse d’Epargne de l’Etat, Luxembourg is shown at Chart 3 below.

Number of Employees of Banque et Caisse d’Epargne de l’Etat, Luxembourg.

Chart 3. Number of Employees of Banque et Caisse d’Epargne de l’Etat, Luxembourg.

Credit Ratings (as of May 2018)

Fitch Moody's
- (not rated) Aa2 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Banque et Caisse d’Epargne de l’Etat, Luxembourg is rated by Moody's.

Credit ratings assigned to Banque et Caisse d’Epargne de l’Etat, Luxembourg as of May 2018 are shown in details in the following sections.

Moody's

Long-term rating for Banque et Caisse d’Epargne de l’Etat, Luxembourg it is set to Aa2 (high grade). Long-term bank deposit rating is Aa2 (high grade). Baseline credit assessment is a2. Short-term rating is not assigned.

Long-Term Rating  Aa2
Long-Term Bank Deposit Rating  Aa2
Baseline Credit Assessment  a2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Banque et Caisse d’Epargne de l’Etat, Luxembourg is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Luxembourg are obliged to participate in Luxembourg deposit guarantee scheme.

In the case of Banque et Caisse d’Epargne de l’Etat, Luxembourg failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, small businesses with headquarters in EU
Covered Accounts  all cash deposits
Covered Currencies  all
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Banque et Caisse d’Epargne de l’Etat, Luxembourg and its components are shown in the table below.

BIC  BCEELULL
Bank BIC Code  BCEE
Country Code  LU (Luxembourg)
Location Code  LL
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Banque et Caisse d’Epargne de l’Etat, Luxembourg is shown in the table below.

MFI ID  LUB00001

Banking Products in Luxembourg